It’s been a long road.
After eight years of negotiations 12 countries finally agreed on
something. That alone is a pretty big
deal. Getting 12 people to agree on one
thing is hard enough. Unfortunately, I
think much of the story about the TPP so far has been distorted by
misinformation and anxiety on the part of the general public. It has been hard to debunk the myths,
scaremongering, and misconceptions about the TPP thus far because there is not
enough information to present in response.
We had that problem because until last week, there was nothing. We had statements of priorities from various
trade representatives, but no actual deal.
A statement of your priorities has all the standing of a grocery
list. You need your partners to agree to
the same things for them to have any meaning.
And as for
agreeing, that is exactly what we have now.
Last week the Office of the US Trade Representative released some
general information about the agreement, and an expectation to have the written
pact in approximately thirty days. The
Canadian representatives said they hoped to have a text published in time for
their elections on October 19. I do not
share their optimism. I expect the thirty
days from October 5 is more realistic.
Although, they could always surprise you. So, for now I do not have much analysis to
offer due to paucity of anything to analyze.
What I have seen gives me a sense of optimism. For the first time, a free trade pact
includes sections covering environmental protection and labor standards. The US Trade Representative seems
particularly excited about the environmental protections, given the prominence
of the issue on the website. I could offer an analysis of the website, but
that would amount to a discussion of an ad campaign. I would certainly have to recant some of my
conclusions once the text of the pact gets published.
Watch this space. I’ll
have more to say when I have more to read.
For the time being, I advise you to chill out. People are getting overly excited, because we
are still short on information. Wait and
see. We won’t have to wait long.
Hash it out in the comments.
And remember, I’ll be watching.
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